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Saudi Basic Industries Corp. is set to invest $1.3 billion in the second phase of its energy transition. Speaking during a panel discussion at the 44th International Association of Energy Economics Conference, a SABIC official revealed that in the first phase of its transition worth $1 billion, the company recorded a 10 percent drop in carbon emissions.

SABIC plans $1.3bn investments in second stage of energy transition

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Saudi Basic Industries Corp. is set to invest $1.3 billion in the second phase of its energy transition. Speaking during a panel discussion at the 44th International Association of Energy Economics Conference, a SABIC official revealed that in the first phase of its transition worth $1 billion, the company recorded a 10 percent drop in carbon emissions.

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